3b. Bond Development Process - OCAR's Role — original pdf

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2026 Bond Development Update Joint Sustainability Committee - 4.23.25 Resolution 20240718-093 Resolution 20240718-093 was approved in July 2024. Staff was directed to bring two items to Council. 1. A comprehensive bond package that funds and addresses climate, infrastructure, and any other public improvements for the purpose of conducting an election no later than November 2026, and 2. A comprehensive climate implementation program of which one component is a climate bond proposition contained in the comprehensive bond package. Funding for this implementation program shall not be limited to general obligation bonds but should include grants, fees, utilities, general fund, cost sharing, etc. 2 OCAR’s Role ● Lead ● Advise ● Coordinate 3 How OCAR is supporting the bond process ● Lead: Developed a list of GO bond eligible projects that support climate action ○ Environmental Investment Plan ○ Comprehensive Climate Implementation Program ● Advise: Subject Matter Expert (SME)- Supporting Asset Owner Departments ○ Answering Questions ○ Developing Criteria ○ Advising Departments ● Coordinate: Participating in cross-departmental bond development working group. 4 Definitions Sustainability: Actions that avoid, reduce, or capture greenhouse gas emissions that cause climate change. Resilience: Actions that increase our ability to prepare for, withstand, and recover from shocks and stressors related to climate change.  Climate Equity & Resilience Framework Climate Equity Plan — Mitigation Resilience & Climate Adaptation Actions that avoid, reduce, or capture greenhouse gas emissions that cause climate change. Actions that increase our ability to prepare for and recover from shocks and stressors related to a changing climate. Sustainable Buildings, Energy Generation, and Water Demand Transportation Electrification Natural Systems Regional Collaboration & Green Jobs Climate and Environmental Data, Research, & Modeling Long Range Planning Recovery & Economic Resilience Materials, Purchasing, Food and Product Consumption Mass Transit, Planning, Land Use, and Housing Social Infrastructure and Community Preparedness Green Infrastructure (creeks, rivers, trees, landscape) Utility Infrastructure (water, power, drainage) Equity and Affordability Strategies for consideration 1. Projects funded by a bond (that meet all the criteria for voter approved bonds) which directly address climate change (reducing GHG emissions or adapting to a changing climate). Example: Land purchase to protect water quality, ecosystem protection, and carbon sequestration. 2. Integration of principles, policies, and approaches to reduce GHG emissions and increase resilience to a changing climate into Departmental Bond Proposals. Example: New library is built, achieves LEED Platinum certification, has solar + batteries to serve the community in times of need. 7 NOW: ACEP Dashboard Updated (CCIP) GO bond eligible projects identified and publicly available 8 Thank you. Braden Latham-Jones. www.austintexas.gov/climate /austinsustainability braden.latham.jones@austintexas.gov